MarketAxess Q4 Profit Tops Estimates, Revenues Up 32%; Announces Increase In Dividend

MarketAxess Holdings Inc. (MKTX) reported fourth quarter net income per share of $1.91, compared to $1.32, a year ago. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.83, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter total revenues increased 32.0% to $171.3 million, compared to $129.8 million, prior year. Analysts expected revenue of $168.62 million, for the quarter.

The company's board declared a 10% increase in the quarterly cash dividend to $0.66 per share of common stock outstanding, to be paid on February 24, 2021 to stockholders of record as of the close of business on February 10, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT